Wednesday , March 3 2021
Home / Managerial Econ / I am sending the Pope a copy of my textbook

I am sending the Pope a copy of my textbook

Summary:
From the Pope's Encyclical "Fratelli Tutti" ("Brothers All"):The Pope also makes no secret of his opposition to the global capitalist free market economy. He proposes instead that wealthy countries form a seamless bond with the have-not peoples of the global south. ... The problem with redistribution, of course, is, as Margaret Thatcher famously said, "Soon you run out of other people's money." After everyone has been made equally medium-poor, then where, without incentives for hard work and production, are further disbursements supposed to come from?   Hopefully, the Pope will at least read Chapters 1 and 2 as he makes the implicit assumption that no one will respond to the perverse incentives he proposes, but I am not hopeful.  When I sent a free copy of the 3rd Edition to President

Topics:
[email protected] (Luke Froeb) considers the following as important: ,

This could be interesting, too:

[email protected] (Michael Ward) writes Vaccine Tourism

[email protected] (Luke Froeb) writes Do the wealthy pay their fair share?

[email protected] (Luke Froeb) writes Pandemic increased inequality

[email protected] (Michael Ward) writes Wage Floors move Grocery Workers to Lower Valued Uses

I am sending the Pope a copy of my textbook

From the Pope's Encyclical "Fratelli Tutti" ("Brothers All"):
The Pope also makes no secret of his opposition to the global capitalist free market economy. He proposes instead that wealthy countries form a seamless bond with the have-not peoples of the global south. ... The problem with redistribution, of course, is, as Margaret Thatcher famously said, "Soon you run out of other people's money." After everyone has been made equally medium-poor, then where, without incentives for hard work and production, are further disbursements supposed to come from?  

Hopefully, the Pope will at least read Chapters 1 and 2 as he makes the implicit assumption that no one will respond to the perverse incentives he proposes, but I am not hopeful.  When I sent a free copy of the 3rd Edition to President Maduro, his country went into freefall (past posts about Venezuela).

Leave a Reply

Your email address will not be published. Required fields are marked *